Our townhome is 2 bedrooms, with 1.5 baths. We have a fenced in backyard and a front yard that can be used to plant flowers or vegetables. We also have a large basement, which is something we have appreciated when tornado sirens have gone off. We have a dryer and washer, which we will give to whomever moves in (you’re welcome!). The townhome is pet friendly and you are allowed to customize it—paint walls, hang pictures, etc. The neighborhood is very quiet and safe (you won’t get loud parties here like near Aggieville) and it is about a 7 minutes’ drive to K-State campus. The total monthly rent ranges from: $402.00 to $434.00 per month (this depends on your income). Trash and water are included in your rent. You are responsible for electric and gas (we have a year average of $60 a month in total utilities). Obviously, this is a great monthly rent for such a large space. One of the reasons is it is HUD housing. HUD housing has income limit requirements. So the combined income of everyone living there needs to be less than $41,750 per year for two people, $46,950 for three people, and $52,150 for four. That is why the housing is so inexpensive despite being a higher quality housing. The thing that makes the townhome different than most places is it is the perfect compromise between owning and renting a home. It’s like renting a home because you pay monthly rent and the coop takes care of maintenance (e.g. the heater, a/c, water heater, refrigerator, oven/stove, spraying for insects twice a year, etc.). It’s like owning a home because you have a lot of freedom about changing things in your house (e.g. gardening). It’s also like a home because there is an equity cost. The equity cost is like a deposit, but you get it back when you move out and it builds every month (you earn $33.58 a month)—so you can actually earn equity every month you live here, like if you bought a real house! The equity cost in August to move in will be (I believe) $9,592.50. That is obviously a big deal, but we have loved living here and have saved about $5,000 per year in rent since moving here. When we first moved to Manhattan, we heard about this place and didn’t know if we wanted to put equity down. So we ended moving to somewhere half the size for twice the money—which we highly regretted. We have a lot of friends who are students (like us) who have succeeded in getting loans and have saved thousands of dollars because they are saving so much on rent. We know people who have lived here just a year or two until they graduated and others who have lived here for 20 years because even though they only planned to stay briefly the price and quality of the place can’t be beat. The only reason we are moving is because we are graduating and want to move back home on the west coast to live near family. We’d love to show you the townhome. Email/call with any questions. Move-in time is flexible. Visit the coop website at www.prairiegleneast.com or http://www.ymcorp.com/prairie-glen-east-cooperative/ for more information on the coop. Attached are sample photos of the townhomes without any furniture etc.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
